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Title: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: ElectricMucus on September 09, 2011, 04:01:24 PM http://img4.imageshack.us/img4/8804/chartlargelog.png
It is following the trend perfectly, now is the time to get in. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Minsc on September 09, 2011, 04:03:19 PM It keeps falling.
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: bitcon on September 09, 2011, 04:03:28 PM check sig.
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Surawit on September 09, 2011, 04:04:50 PM http://img4.imageshack.us/img4/8804/chartlargelog.png If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?It is following the trend perfectly, now is the time to get in. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: zby on September 09, 2011, 04:05:11 PM One can only wonder what will happen if that trend is broken.
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: smoothie on September 09, 2011, 04:05:32 PM http://img4.imageshack.us/img4/8804/chartlargelog.png If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?It is following the trend perfectly, now is the time to get in. Yeah will you? Log chart means nothing... Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Minsc on September 09, 2011, 04:05:53 PM One can only wonder what will happen if that trend is broken. He'll redraw a trend line. Careful, he puts anyone on ignore who proves him wrong. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: ElectricMucus on September 09, 2011, 04:06:52 PM One can only wonder what will happen if that trend is broken. I guess we'll find out soonlol Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: ElectricMucus on September 09, 2011, 04:14:01 PM http://img4.imageshack.us/img4/8804/chartlargelog.png If it drops below $4 today then we'll be outside of the green lines. Then will you shut up?It is following the trend perfectly, now is the time to get in. I will def, shut up if we reach $3. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Gerken on September 09, 2011, 04:19:11 PM So basically you drew a line that touches the bottom points and call it significant?
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: ElectricMucus on September 09, 2011, 04:21:42 PM So basically you drew a line that touches the bottom points and call it significant? I didOnly time can prove me wrong *lalalala* Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: smoothie on September 09, 2011, 04:25:26 PM So basically you drew a line that touches the bottom points and call it significant? I didOnly time can prove me wrong *lalalala* No forex trader or stock trader ever uses a log chart to determine trend. Not sure what historical data your method is based on. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Dargo on September 09, 2011, 04:25:45 PM I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading.
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: iprivately on September 09, 2011, 04:27:48 PM Just snatched me up another 100 btc at $4.80
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: smoothie on September 09, 2011, 04:30:17 PM I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading. Yeah but how many people trade on log charts using trend lines? Not very many that I've seen in my experience. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Jixtreme on September 09, 2011, 04:31:21 PM Just snatched me up another 100 btc at $4.80 too early. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: smoothie on September 09, 2011, 04:33:21 PM Just snatched me up another 100 btc at $4.80 too early. agreed. OP: I guess you're going to ignore all of the linear trendlines that we just broke too huh? Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: lemonginger on September 09, 2011, 04:34:14 PM Just snatched me up another 100 btc at $4.80 predict you will sell those back at about 4.50 in an hour or so Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: iprivately on September 09, 2011, 04:34:43 PM Just snatched me up another 100 btc at $4.80 too early. you may be right Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Minsc on September 09, 2011, 04:35:08 PM The OP just made this statement and prices rose and that's the only reason they did. But they came back down again.
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: iprivately on September 09, 2011, 04:35:27 PM Just snatched me up another 100 btc at $4.80 predict you will sell those back at about 4.50 in an hour or so I'll let you know. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Cluster2k on September 09, 2011, 04:36:54 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast.
I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Dargo on September 09, 2011, 04:37:36 PM I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading. Yeah but how many people trade on log charts using trend lines? Not very many that I've seen in my experience. Agreed. A trend line on a linear chart is much more significant. The best reason to buy today IMO is that we are seeing high volume panic selling. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: smoothie on September 09, 2011, 04:39:32 PM I don't have access to good charting software for bitcoin, so I can't speak for the particular trendline the OP has drawn, but IMO trendlines in general are a very useful analytical tool for trading. People who trash technical analysis usually don't understand it, or how to use it as a tool for trading. Yeah but how many people trade on log charts using trend lines? Not very many that I've seen in my experience. Agreed. A trend line on a linear chart is much more significant. The best reason to buy today IMO is that we are seeing high volume panic selling. Patience = Profit Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: bitcon on September 09, 2011, 04:41:23 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast. I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: greyhawk on September 09, 2011, 04:42:22 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast. I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. What would you need a TV for when you can watch mtgoxlive? Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Cluster2k on September 09, 2011, 04:44:10 PM yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. I once posted a PCI 16x to 1x adapter for sale on these forums for 1.2btc to cover costs. Now I'd need to advertise it for 4.8btc. Receiving bitcoins and then running to MtGox to cash them out ASAP isn't the type of image we'd want for bitcoins. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: bitcon on September 09, 2011, 04:45:41 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast. I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. What would you need a TV for when you can watch mtgoxlive? i watch tradehill live. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: RyNinDaCleM on September 09, 2011, 04:51:01 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast. I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. What would you need a TV for when you can watch mtgoxlive? +1 ;) Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: Minsc on October 09, 2011, 11:50:01 PM Yes we have. Now is the time to buy!
Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: bulanula on October 09, 2011, 11:52:15 PM I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast. I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week. Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either. yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. What would you need a TV for when you can watch mtgoxlive? EPIC quote man ! Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: ElectricMucus on October 10, 2011, 12:07:40 AM Yes we have. Now is the time to buy! necrobump much?Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: dancupid on October 10, 2011, 04:44:29 AM A log graph only makes sense if Bitcoin is growing exponentially. Typically technology trends do, so it could have value - but if bitcoin isn't growing exponentially (long term) then it has little value.
If bitcoin really does represent the future of currency, then the log graph is the way to view prices. It depends how much faith you have in the long term future of bitcoin. Title: Re: We have hit the bottom BUY. BUY ,BUY!!!111 Post by: FreeMoney on October 10, 2011, 05:10:14 AM A log graph only makes sense if Bitcoin is growing exponentially. Typically technology trends do, so it could have value - but if bitcoin isn't growing exponentially (long term) then it has little value. If bitcoin really does represent the future of currency, then the log graph is the way to view prices. It depends how much faith you have in the long term future of bitcoin. Pretty much everything grows exponentially. A 2% bond does. There are lots of useful ways to graph things and a log graph is one. |
